DOJI

This is a simple Candlestick pattern wherein the opening and closing price are the same or very nearly the same.  The high and low are generally not that far from the open and close and are also generally equal distance from the opening and close.  The color of the body is not of importance.
A Doji which gaps above or below a white or black candlestick, is usually a  reversal signal with confirmation during the next trading day.
These candlesticks are not so important by themselves, but are read in conjunction with other more meaningful patterns.
They are also known as and confused with the Doji Star or Spinning Tops.
 
Copyright © 1998  Ray E. Knecht Consulting Services.
All rights reserved.